CBK provides update on licensing progress and compliance status of digital credit providers under the new regulatory framework.
The Central Bank of Kenya provides an update on the implementation of the Digital Credit Providers Regulations, which came into effect in March 2024.
Licensing Progress:
As of October 2025:
- 32 Digital Credit Providers (DCPs) licensed
- 15 applications under review
- 8 applications rejected for non-compliance
Consumer Protection:
Key achievements:
- Standardized disclosure requirements implemented
- Interest rate caps enforced
- Complaint resolution mechanisms established
Market Impact:
Positive Developments:
- Predatory lending practices significantly reduced
- Transparent pricing across licensed providers
- Improved credit information sharing
Challenges:
- Unlicensed operators still active
- Consumer awareness gaps
- Technology compliance issues for some providers
Enforcement Actions:
The CBK has taken action against non-compliant entities:
- 12 unlicensed apps blocked
- 5 providers issued warning letters
- 2 licenses suspended for violations
Next Steps:
- Enhanced public awareness campaigns
- Collaboration with app stores to remove unlicensed apps
- Regular compliance audits
- Stakeholder engagement sessions
Consumers are encouraged to verify DCP licenses on the CBK website before using any digital lending services.
Digital LendingRegulationConsumer Protection
